Rubicon Ventures LLC Leases 19800 Square Feet At 1646 Rankin Rd Houston With Tenant's Rep Doc Perrier
1646 Rankin Rd, Houston, TX, 77073
Building Size
19,800 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 1646 Rankin Rd, Houston, TX, 77073. It comprises a total area of 19,800 square feet and is situated within Central Green Business Park, which is a larger development of 331,000 square feet near George Bush International Airport. The market for this property is Houston.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1646 Rankin Rd, Houston, TX, 77073
- Market: Houston
- Tenant: Rubicon Ventures LLC
- Tenant's Representative: Doc Perrier - Finial Group
- Landlord: Unknown
- Landlord's Representative: Jeremy Lumbreras - Stream Realty Partners
- Square Feet: 19,800
In this lease transaction, Doc Perrier and Jason Gibbons from Finial Group represented the tenant, Rubicon Ventures LLC, while Jeremy Lumbreras from Stream Realty Partners represented the landlord, whose identity remains undisclosed.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93